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Intensification of Investment
in Climate Risk Management
Prof. David M. Dror
Chairman and Managing Director
Micro Insurance Academy/1
Climate Cost of Cultivation (CCC)
19 September 2013
3
Rainfall
Min Temp
Rel Humidity
Wind Speed
Solar Radiation
Max Temp
Daily Soil
Water Balance
Modelling
Crop Water
Requirement
Modelling
Max Temp -
Crop Yield
Loss Factor
Analysis
Irrigation
Requirement
Drainage
Requirement
Irrigation
Cost (A)
Drainage
Cost (B)
Groundwater
(Pumping
Pipe Depth)
Topography
(Waterlogged
Areas)
Soil
Properties
Max Temp
Yield Loss
(C)
Climate Cost of
Cultivation
(A+B+C-D)
CO2
Increasing
CO2 - Crop
Yield Gain
Factor
Analysis
Increasing
CO2 Yield
Gain (D)
Climatic
Inputs
Bio-Physical
Inputs
CCC a method to quantify climate change impacts on crops considering
both climatic and biophysical parameters.
Climate Cost of Cultivation (CCC) Findings
for Maize & Wheat in Vaishali District, Bihar
19 September 2013
4
CCC led Agriculture Risk Profiles for Maize
& Wheat in Vaishali District, Bihar
19 September 2013
5
Spatially, agriculture risk profiles for both maize and wheat crop were found
similar for both of the considered time periods.
Application of CCC
• Indicator for customized crop insurance
schemes
• Indicator for localized climate change
agriculture adaptation management
practices
19 September 2013 6
Overcomes Social Challenges
Opportunities for Synergies
9
• MIA has developed the “Climate Cost of Cultivation (CCC)” index for
quantifying climate variability impacts on crops. CCC index was
developed for Wheat and Maize in Bihar; however it can be adapted for
any other cereal crops in any location.
• The CCC index is also a tool to classify areas into low/medium/high risk
classes. Such classification is instrumental for adapting agri solutions to
risk profiles.
May 19th 2014
Piloting CCC index in Wheat & Maize in Indo-Gangetic Plains
Piloting livestock index insurance
• MIA has identified the need to develop a similar index covering all of the
required essential parameters for milk yield and livestock.
• MIA is keen to team up with partners to develop that index.

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IFPRI - CSISA - Diversification and Financial Risk Management Services and Products - David Dror

  • 1. Intensification of Investment in Climate Risk Management Prof. David M. Dror Chairman and Managing Director Micro Insurance Academy/1
  • 2.
  • 3. Climate Cost of Cultivation (CCC) 19 September 2013 3 Rainfall Min Temp Rel Humidity Wind Speed Solar Radiation Max Temp Daily Soil Water Balance Modelling Crop Water Requirement Modelling Max Temp - Crop Yield Loss Factor Analysis Irrigation Requirement Drainage Requirement Irrigation Cost (A) Drainage Cost (B) Groundwater (Pumping Pipe Depth) Topography (Waterlogged Areas) Soil Properties Max Temp Yield Loss (C) Climate Cost of Cultivation (A+B+C-D) CO2 Increasing CO2 - Crop Yield Gain Factor Analysis Increasing CO2 Yield Gain (D) Climatic Inputs Bio-Physical Inputs CCC a method to quantify climate change impacts on crops considering both climatic and biophysical parameters.
  • 4. Climate Cost of Cultivation (CCC) Findings for Maize & Wheat in Vaishali District, Bihar 19 September 2013 4
  • 5. CCC led Agriculture Risk Profiles for Maize & Wheat in Vaishali District, Bihar 19 September 2013 5 Spatially, agriculture risk profiles for both maize and wheat crop were found similar for both of the considered time periods.
  • 6. Application of CCC • Indicator for customized crop insurance schemes • Indicator for localized climate change agriculture adaptation management practices 19 September 2013 6
  • 8.
  • 9. Opportunities for Synergies 9 • MIA has developed the “Climate Cost of Cultivation (CCC)” index for quantifying climate variability impacts on crops. CCC index was developed for Wheat and Maize in Bihar; however it can be adapted for any other cereal crops in any location. • The CCC index is also a tool to classify areas into low/medium/high risk classes. Such classification is instrumental for adapting agri solutions to risk profiles. May 19th 2014 Piloting CCC index in Wheat & Maize in Indo-Gangetic Plains Piloting livestock index insurance • MIA has identified the need to develop a similar index covering all of the required essential parameters for milk yield and livestock. • MIA is keen to team up with partners to develop that index.